Coinomi Wallet Review

About Coinomi

Coinomi is a mobile wallet that allows you to send, buy and store a wide variety of cryptocurrencies. It’s one of the most used cryptocurrency wallets in the world due to its great characteristics. The project was founded in 2014 and is based in London.

Availability

Fortunately, it’s available both for Android and iOS devices as well as for desktop version, compatible with Windows, Linux and Mac operating systems.

Fees

The platform is free of charge. However, when you sell cryptocurrencies, you can be taxed with a small fee that goes to the specific miners.

Where can you get the Coinomi Wallet from?

There are two main options to install the wallet. You can choose to download it from Coinomi’s official website or from Google Play.

How to get started

The process is very simple. After installing the Coinomi Wallet, just click on “Create New Wallet”. The interface will provide you with a recovery private phrase. Make sure you will not forget and share it with your friends. An advice is to write it on papers. It’s being generated only once.

Now, try to secure your wallet with a complicated password. After following all these steps, you will be asked to select the cryptocurrencies you prefer to work with and confirm the registration.

TheWallet’s Interface

The team behind the platform has invested a lot in the wallet’s design. You will be surprised to see how user-friendly the Coinomi’s interface is. The main dashboard provides the necessary details about the available cryptocurrencies, including your account balance and it allows you to see the transaction history.

In fewer words: the wallet interface is simple, clean and has a fresh design.

The Wallet’s Security

The platform keeps users’ private keys on users’ devices. The developers behind the wallet are taking care to manage the right backup of their personal information using the offline seeds. Each activity requires a password, such as buying and selling the cryptocurrencies or adding the new ones.

The Advantages of Coinomi Wallet

It has a user-friendly interface;

It’s strongly secured;

It assures a high level of privacy;

Processes are carried out quickly;

It stores your private key on your personal device;

In case your phone is being stolen, there is no way to access the wallet except with a password;

Using the seed phrase, you can install the wallet to another phone device;

Adriana Midrigan is a web content writer and editor at Brantell, Coindoo, and TheCCPress, who takes care that the articles you read are user-friendly and the subjects are among the most sought-after. She is passionate about discovering new things in the cryptocurrency and blockchain industry.

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